IBC Employees Teach Real-World Financial Lessons
Texas Border Business
(May 12, 2016) MCALLEN, Texas – Throughout the spring semester, IBC Bank-McAllen employees partnered with schools and community organizations to teach local students the fundamentals of financial literacy. The FDIC’s Money Smart modules are used as part of the bank’s effort to promote Financial Literacy Month and the American Bankers Association’s “Teach Children to Save Day”.
Throughout the market, the bank had the opportunity to teach and inspire more than 1,600 students on the importance of real-life financial concepts, such as saving money and earning interest. Bank employees put on 49 presentations at Adame Elementary, Berta Palacios Elementary, Sam Houston Elementary, Dr. Alejo Salinas, Jr. Elementary, M. Rivas Elementary, Lincoln Middle School, Checkler Heald Elementary, Stainke Elementary, Thigpen Zavala Elementary, Raul Longoria Elementary, AM Ochoa Elementary, Mim’s Elementary, Roosevelt Elementary and IDEA College Prep Academy, Donna. Corporate-wide, the banks gave more than 410 presentations at 38 schools and organizations during the months of March through May in Texas and Oklahoma, which reached over 6,000 students.
IBC Bank-McAllen President & CEO David Guerra said, “The Teach Children to Save Day initiative demonstrates IBC’s ‘We Do More’ philosophy. Our employees use their professional expertise and resources to teach these students basic financial concepts, which demonstrates a true investment in the future of youth.
“The financial knowledge students gain through these lessons paves the way toward a successful and financially-sound future for these students. Just as we teach our youth how to read and write, it’s essential to teach financial literacy. Our financial literacy programs have been a success for the last nine years because of area schools and organizations that believe in what we teach.”
Bank employees have provided personal financial education classes to elementary school students since 2007. IBC teaches financial literacy courses to elementary, middle and high school students, as well as local community groups. The lessons cover a range of financial concepts, and vary by age group, but include topics such as maintaining a check register, reconciling a bank statement, and calculating compounded interest earned.
IBC Bank–McAllen is a member of International Bancshares Corporation (NASDAQ: IBOC), an $11.8 billion multi-bank financial holding company headquartered in Laredo, Texas celebrating its 50th anniversary since its founding in 1966. International Bancshares Corporation has 206 facilities and more than 315 ATMs serving 88 communities in Texas and Oklahoma. IBC Bank-McAllen has been serving the Hidalgo County community since 1990 and has a retail branch network of 29 locations throughout the area. In 2014, IBC Bank was named one of America’s 50 Most Trustworthy Financial Companies by Forbes magazine. In 2015, IBC Bank was ranked 50th on Forbes’ prestigious list of 100 Best Banks in America. IBC Bank–McAllen was named “The Best Bank in the Valley” in 2014 and 2015 by McAllen Monitor readers. Visit us on our YouTube channel, IBCBankWeDoMore. MEMBER FDIC / INTERNATIONAL BANCSHARES CORPORATION. More information is available at www.ibc.com.
